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Essay specific features
Written by:
Leland S
Date added:
October 19, 2015
Level:
University
Grade:
A
No of pages / words:
4 / 865
Was viewed:
498 times
Rating of current essay:
Essay content:
It is obliged by Constitution and statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
o Price stability is an important condition for growth and prosperity...
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Inflation and deflation are inhibiting factors for the decisions of consumers and producers; they disrupt economic activity and put the economically weak at a disadvantage. The National Bank equates price stability with a rise in the national consumer price index of less than 2% per annum. Monetary policy decisions are made on the basis of an inflation forecast and implemented by steering the three-month Libor...
displayed 300 characters
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